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Company registration number: 10115039
Fortis (Consultancy) Services Limited
Unaudited filleted financial statements
30 April 2023
Fortis (Consultancy) Services Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Fortis (Consultancy) Services Limited
Directors and other information
Director G K Woodlock
Company number 10115039
Registered office Meadow View
Cranfield Road
Wootton
Bedford
MK43 9EA
Fortis (Consultancy) Services Limited
Statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 1,560 428
_______ _______
1,560 428
Current assets
Debtors 5 24,139 25,714
Cash at bank and in hand 242 2,688
_______ _______
24,381 28,402
Creditors: amounts falling due
within one year 6 ( 5,900) ( 7,146)
_______ _______
Net current assets 18,481 21,256
_______ _______
Total assets less current liabilities 20,041 21,684
_______ _______
Net assets 20,041 21,684
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 20,031 21,674
_______ _______
Shareholders funds 20,041 21,684
_______ _______
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 January 2024 , and are signed on behalf of the board by:
G K Woodlock
Director
Company registration number: 10115039
Fortis (Consultancy) Services Limited
Statement of changes in equity
Year ended 30 April 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2021 10 ( 2,277) ( 2,267)
Profit for the year 23,951 23,951
_______ _______ _______
Total comprehensive income for the year - 23,951 23,951
_______ _______ _______
At 30 April 2022 and 1 May 2022 10 21,674 21,684
Profit for the year 357 357
_______ _______ _______
Total comprehensive income for the year - 357 357
Dividends paid and payable ( 2,000) ( 2,000)
_______ _______ _______
Total investments by and distributions to owners - ( 2,000) ( 2,000)
_______ _______ _______
At 30 April 2023 10 20,031 20,041
_______ _______ _______
Fortis (Consultancy) Services Limited
Notes to the financial statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Fortis (Consultancy) Services Limited, Meadow View, Cranfield Road, Wootton, Bedford, MK43 9EA.
2. Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 May 2022 571 571
Additions 1,699 1,699
_______ _______
At 30 April 2023 2,270 2,270
_______ _______
Depreciation
At 1 May 2022 143 143
Charge for the year 567 567
_______ _______
At 30 April 2023 710 710
_______ _______
Carrying amount
At 30 April 2023 1,560 1,560
_______ _______
At 30 April 2022 428 428
_______ _______
5. Debtors
2023 2022
£ £
Trade debtors 6,738 8,313
Amounts owed by group undertakings and undertakings in which the company has a participating interest 17,401 17,401
_______ _______
24,139 25,714
_______ _______
At the financial year end date, included in trade debtors is £6,738 (2022: £8,313) that is due from Fortis (Scaffold) Services Ltd, a company in which the director has a common interest.
6. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 5,357 5,023
Other creditors 543 2,123
_______ _______
5,900 7,146
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
G K Woodlock ( 1,223) 1,220 ( 3)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
G K Woodlock ( 1,980) 757 ( 1,223)
_______ _______ _______
8. Related party
At the financial year end date, included in debtors is amount due from Fortis (Scaffold) Services Ltd, a company in which the director has a common interest. The amount due from this company at the financial year end date was £17,401 (2022: £17,401).